$6B Loss and Counting; Why is Jamie Dimon on a Federal Reserve board?

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While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry.

"The conflicts of interest are so apparent that they're laughable," Sanders told CNN's Wolf Blitzer last week. "Here you have the Fed, which is supposed to regulate Wall Street. Then you have the CEO of the largest Wall Street company on the board which [it] is supposed to be regulating. This is the fox guarding the henhouse."

Dimon served on the New York Fed's board of directors amid the financial crisis. Appointed to the post initially in 2007, he is scheduled to end his second three-year term in December. He is currently the only executive of a major national bank to serve on a regional board.

If it seems shady though, don't blame the Fed. Congress intentionally set the central bank up that way in 1913.